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Goldman Sachs and Morgan Stanley are in opposition over commodities

Posted on 25 October 2012

The landscape of the commodity markets competition on Wall Street could be in for a facelift, as the two familiar trading rivals Goldman Sachs and Morgan Stanley appear headed in opposite directions as both banks decide how they will deal with stiffened regulatory restrictions on trading under the Dodd-Frank Act.
For its part, Goldman Sachs squashed rumors Tuesday that the bank’s upper management was considering a sale of its commodities business. The Wall Street Journal reported that the bank had held “preliminary internal discussions” about potentially splitting off its commodities unit. Goldman reacted swiftly, asserting the reports were not true and that executives had never ‘seriously’ considered such a move………………………………………..Full Article: Source


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